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State policymakers are considering a special session to address the spike in electric rates in Connecticut.
The “public benefits charge” on customers’ bills ballooned in July, causing large commercial-industrial customers to see an increase of about 57% to the delivery portion of their bill.
For residential customers, the average increase was 30% to 35%.
The sharp increases have prompted Republicans in the state legislature to push for a special session to address the issue. They say the state should tap into its budget surplus funds to reduce electric rates this fall.
Democratic leaders say the cost-cutting plan doesn’t make sense and is a political maneuver by Republicans that would provide little relief to customers.
Gov. Ned Lamont has indicated he would reach out to legislative leaders about the issue and acknowledged that more needs to be done to lower electricity costs, but he stopped short of endorsing a special session.
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Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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State policymakers are considering a special session to address the spike in electric rates in Connecticut.
The “public benefits charge” on customers’ bills ballooned in July, causing large commercial-industrial customers to see an increase of about 57% to the delivery portion of their bill.
For residential customers, the average increase was 30% to 35%.
The sharp increases have prompted Republicans in the state legislature to push for a special session to address the issue. They say the state should tap into its budget surplus funds to reduce electric rates this fall.
Democratic leaders say the cost-cutting plan doesn’t make sense and is a political maneuver by Republicans that would provide little relief to customers.
Gov. Ned Lamont has indicated he would reach out to legislative leaders about the issue and acknowledged that more needs to be done to lower electricity costs, but he stopped short of endorsing a special session.